Comment Period Extended on Climate Rule

SEC Stretches Climate Reporting Rule Comment Period


By Todd Neeley, DTN/Progressive Farmer



LINCOLN, Neb. (DTN) -- The Securities Exchange Commission on Monday extended the public-comment period on a proposed rule to require publicly traded companies to report climate efforts.


The rule has raised concerns of more than 100 agriculture interest groups who say farmers and ranchers would face new burdens to report personal and business-related information.


The SEC announced in a news release on Monday it would extend the comment period ending date from May 20 to June 17.


More than 100 agriculture interest groups asked for a 180-day extension in an April 26 letter to the SEC.


The "Enhancement and Standardization of Climate Related Disclosures for Investors" proposed rule has been touted by the SEC as a way to protect investors in publicly traded companies. It would require those companies to report data about their entire supply chain.


American Farm Bureau Federation President Zippy Duvall said in a statement the group has "deep concerns" about the proposal.


"Unlike large corporations currently regulated by the SEC, farmers don't have teams of compliance officers and attorneys dedicated to handling SEC compliance issues," he said...